Prepare a formal income statement from the partial worksheet for Rose Co. inFigure. ROSE CO PARTIAL WORKSHEET

Prepare a formal income statement from the partial worksheet for Rose Co. inFigure.

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ROSE CO PARTIAL WORKSHEET FOR YEAR ENDED DECEMBER 31, 201X Income Statement Cr. Account Titles Dr 25000 265000 9000 ncome Summary Sales Sales Returns and Allowances Sales Discount 11900 Purchases Returns and Allow Purchases Discount Freight-In Salaries Expense Insurance Expense Advertising Expense Rental Income Rent Expense Dep. Exp, Store Equip Salaries Payable 16300 13 100 0600 200 00 24000 115 00 24500 9000 500 34 2400 900 Net Income 342 400 342400